Maine Connections Academy (EIN 455303769) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2012

Legal Domicile

Principal Officer

Amy Trunnell

Phone

2078053254

Tax Period

2024-07-01 to 2025-06-30

Maine Connections Academy, founded in 2012, is a community nonprofit in the Education sector that reported $6.4M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

Maine Connections Academys full-time virtual school program helps online students in Maine build on their individual strengths and interests in a setting that is both safe and connected to a larger community.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,377,638

Program Service Revenue $0

Investment Income $34,231

Other Revenue $6,816

TOTAL REVENUE $6,418,685

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,906,853

Fundraising Expenses $0

Program Expenses $5,551,497

Other Expenses $3,346,488

TOTAL EXPENSES $6,253,341

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,418,685	$5,858,144	+0.1%
Expenses	$6,253,341	$5,989,417	+0.0%
Net Income	$165,344	$-131,273	-2.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$48,560

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY TRUNNELL	CHIEF FINANCIAL OFFICER	025.00	Officer	$48,560	$0	$48,560
ELLEN MCBRIDE RESIGNED 112024	MEMBER	006.00	Officer Director	$0	$0	$0
JENNIFER CUMMINGS	TREASURER	006.00	Officer Director	$0	$0	$0
BILLY THOMPSON	SECRETARY / PRESIDENT	006.00	Officer Director	$0	$0	$0
JANA LAPOINTE	MEMBER	006.00	Director	$0	$0	$0
CONNIE RONCO	MEMBER	006.00	Director	$0	$0	$0
WALTER WALLACE	HEAD OF SCHOOL	040.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$6,418,685	$6,253,341	$2,181,220	$165,344
2024	$5,858,144	$5,989,417	$1,719,447	$-131,273
2023	$5,603,508	$5,491,016	$1,720,155	$112,492
2022	$5,216,066	$5,327,039	$1,613,029	$-110,973
2021	$4,600,495	$4,875,839	$1,679,871	$-275,344
2020	$4,349,003	$4,339,897	$1,869,675	$9,106
2019	$4,484,576	$4,139,421	$1,830,373	$345,155
2018	$4,051,209	$3,784,098	$1,521,066	$267,111

Maine Connections Academy